Road village The entertainment dilayer struck today’s court After the presentation of Chapter 11 in the sea of red inkThe legal costs and debts that raised the financial pressure on the product and financiers of Indy.
The company’s lawyer told a judge in a session that the company is “open to all bids” for its basic asset, according to Reuters, which means that the film library of about $ 50 million annually in revenue. The library comes to the market with the so -called horse horse width of $ 365 million from content partners.
Lawyer Justin Bernberook at the court said that his client’s partner, who has long been transferred to Warner Bruce for filmmakers, said, According to Reuters. Most of the Roadshow Awards are produced in Village Roadshow, including Matrix and Ocean privileges, with Warner.
The two have been expensive since 2022 when the village of Roadshow submitted a claim against Warner during its daily launch and today The matrix re -restrictions And its right to joint financing in the work of the film library owned by WB. In Chapter 11, the company said that the dispute cost $ 18 million in legal fees. Likewise, investments did in their studio projects that did not make a profit.
Roadshow enters the bankruptcy process (along with about three dozens of subsidiaries) with $ 163 million in higher debts.
A wave of court files since yesterday has a long list of 300 creditors including Hollywood Studios Warner Bros. Disney, Sony Pictures, Paramount Pictures and Netflix; Indies Magnolia Fathers, New Regency and Adam Sandler Habi Madison TV; MPA, DGA, WGA and SAG-Aftra; Insurance companies, AT & T, Dropbox, Fedex, and Former CEO Steve Moscow, who left in January.
Late last year, WGA West released an argument with the Roadshow village in late payments for writers working in film and television projects. Chapter 11 indicated that “a great responsibility may be suspended due to unpaid contracts”, including with writers and advisers.
